Income Insurance appoints former Manulife Singapore top man as new CEO
Khoo Kah Siang will succeed Andrew Yeo, who resigned on Aug 28
Income Insurance has appointed veteran insurance executive Khoo Kah Siang as its new chief executive, succeeding Andrew Yeo who resigned on August 28 after more than seven years in the role. The appointment is subject to regulatory approval by the Monetary Authority of Singapore (MAS) and Khoo is set to assume his new position on January 23, 2027.
Before his time at Income Insurance, Khoo was the chief executive of Manulife Singapore from 2018 to 2025. He then took charge of Manulife Asia’s emerging markets division, overseeing a portfolio that included Cambodia, Indonesia, Malaysia, Myanmar, and the Philippines. Under his leadership, the business aimed to drive sustainable growth across these markets, diversifying the overall portfolio.
Khoo’s career spans over 30 years in the financial services sector, with experience in actuarial, regulatory, finance, and profit-and-loss leadership roles at various organisations such as Great Eastern and the Monetary Authority of Singapore. He announced his departure from Manulife on September 24 via a LinkedIn post.
Income Insurance's board chairman, Lim Sim Seng, expressed confidence in Khoo's extensive experience and track record in leading businesses through change, stating that the board looks forward to working closely with him as they strengthen capabilities, deepen commitment to customers, and build a more resilient and sustainable organization.
The announcement of Khoo's appointment comes amid a wave of executive reshuffling in the insurance industry, with Prudential's Singapore chief executive Chan San San stepping down to join Eastspring Investments as its chief partnership officer, effective September 28.
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